Energy Crisis: Philippines Braces for Prolonged Oil Shock as President Marcos Invokes Emergency Powers
Malaysia’s fuel subsidies jumped to RM3.2bil in a week as Strait of Hormuz disruption drove oil prices near US$120.
Nations with strategic petroleum reserves may take action and release volumes if the disruption of the Strait risks being extended
The retail prices of RON95, RON97, and diesel remain unchanged for February 19-25, as global oil market prices stabilize.
Petronas Dagangan Berhad addressed an operational incident at a station causing vehicle breakdowns, assuring fuel quality and contacting affected customers.
Rystad Energy anticipates 2026 will see energy oversupply, low prices, and growth in renewables, refining, and storage opportunities.
Petronas secured a 20-year agreement with Pembina Pipeline for 1mtpa LNG capacity at Canada’s Cedar project, starting operations in 2028.
OPEC+ will halt output hikes in early 2026 amid fears of oversupply, with Brent prices expected to stabilise.
IMO’s one-year delay on its Net-Zero Framework highlights major feasibility issues in clean-fuel supply, carbon trading, and incentive design.
The Budi Madani petrol subsidy provides ample quota for Malaysians, as 95% consume under 180 litres monthly, minimizing potential misuse.
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